Barkindo, Buhari review oil market, OPEC production cut deal

OPEC Secretary General, Mohammad Sanusi Barkindo, has visited Nigerian President Muhammadu Buhari in London at the residence of the Nigerian High Commissioner - Abuja...

Restructuring will place NNPC on growth trajectory – Baru

The ongoing reforms of the Nigerian National Petroleum Corporation (NNPC) will place the Corporation on a long-term growth trajectory for the benefit of all...

Shell exec advises oil & gas operators to adapt to current market realities

The President /Director General & Country Chair, Shell Gabon, Osa Igiehon at a panel session during the just concluded 2017 annual conference of the Society...

NPMC MD lauds NIPCO, 11 Plc’s massive storage assets, outlets

Managing Director of the Nigerian Petroleum Marketing Company, (NPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) and an offshoot of the defunct...

NNPC, marketers say no plan to increase petrol price now

The Nigerian National Petroleum Corporation and marketers in the downstream oil sector have said there are no immediate plans to increase the pump price...

Qua Iboe offered higher as new loading programmes due

West African crude differentials were steady to firmer on Monday, supported by recent refining margin strength and demand from Indian tenders, Reuters reports. The market...

Nigeria’s market shrinks as S. Korea joins India in buying first US crude

Refiners in South Korea, the world’s fifth crude oil importer, have joined India to diversify their crude sources in what potentially could impact on...

$700m East-West gas pipeline suffers setback as contractors fail to meet deadline

The desire of Nigerians to enjoy a significant mark up in electricity supply to their homes and businesses has again suffered a setback, following...

Lack of funds hampered construction of 33 private refineries – Kachikwu

While speaking at the grant-signing ceremony, involving Eko Petrochem and Refining Company Limited and the US Trade and Development Agency (USTDA) at the Tomaro...

Erin Energy spuds Oyo-9 well

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) today announced it has commenced drilling of the Oyo-9 well (Oyo-9). Oyo-9 is...

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